Insider Buying: Keel Infrastructure (NASDAQ:KEEL) Director Purchases 15,000 Shares of Company Stock

Key Points

• Director Amy Freedman bought 15,000 Keel Infrastructure shares on November 12 at an average price of $1.94, spending $29,100. After the purchase, she owned 109,568 shares; she had also bought 25,000 shares two days earlier.
• Keel reported quarterly EPS of -$0.10, missing analysts’ -$0.07 estimate, on revenue of $27.6 million. The stock traded at $1.85 on Friday, near its 52-week low of $1.60.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $5.41; views range from buy to sell.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) Director Amy Freedman purchased 15,000 shares of the business's stock in a transaction that occurred on Thursday, November 12th. The shares were purchased at an average cost of $1.94 per share, with a total value of $29,100.00. Following the completion of the acquisition, the director directly owned 109,568 shares of the company's stock, valued at $212,561.92. This represents a 15.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Amy Freedman also recently made the following trade(s):

• On Tuesday, November 10th, Amy Freedman acquired 25,000 shares of Keel Infrastructure stock. The stock was purchased at an average price of $1.88 per share, with a total value of $47,000.00.

Keel Infrastructure Stock Performance

KEEL traded down $0.10 during trading on Friday, reaching $1.85. The company's stock had a trading volume of 17,962,551 shares, compared to its average volume of 37,033,656. Keel Infrastructure has a 52-week low of $1.60 and a 52-week high of $7.37. The company's fifty day moving average price is $2.94 and its 200-day moving average price is $3.82. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -4.87 and a beta of 4.10. The company has a debt-to-equity ratio of 3.74, a quick ratio of 12.00 and a current ratio of 12.13.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The business had revenue of $27.60 million for the quarter. Keel Infrastructure had a negative return on equity of 102.27% and a negative net margin of 309.79%. During the same quarter last year, the firm earned ($0.02) EPS. On average, equities analysts forecast that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Situational Awareness LP acquired a new stake in shares of Keel Infrastructure during the 2nd quarter valued at approximately $151,831,000. State Street Corp boosted its stake in shares of Keel Infrastructure by 21.5% during the 3rd quarter. State Street Corp now owns 16,538,198 shares of the company's stock worth $58,380,000 after acquiring an additional 2,931,993 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Keel Infrastructure during the 2nd quarter worth approximately $9,989,000. Banco Santander S.A. grew its holdings in shares of Keel Infrastructure by 2,449.6% in the 3rd quarter. Banco Santander S.A. now owns 1,092,865 shares of the company's stock worth $3,858,000 after acquiring an additional 1,050,000 shares during the period. Finally, Tidal Investments LLC acquired a new stake in shares of Keel Infrastructure in the 2nd quarter worth approximately $3,213,000. 20.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on KEEL. The Goldman Sachs Group started coverage on Keel Infrastructure in a research note on Friday, November 6th. They issued a "neutral" rating and a $2.00 price target on the stock. HC Wainwright cut their price objective on Keel Infrastructure from $4.00 to $3.25 and set a "buy" rating for the company in a research report on Thursday, November 5th. Citigroup reissued a "buy" rating on shares of Keel Infrastructure in a report on Monday, August 10th. BTIG Research assumed coverage on shares of Keel Infrastructure in a research report on Wednesday, July 22nd. They set a "buy" rating and a $8.00 target price on the stock. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Friday, October 9th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $5.41.

Keel Infrastructure Company Profile

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.

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